Elon Homes under $500,000

Welcome to Elon, North Carolina – a charming town that perfectly blends small-town warmth with a vibrant community spirit. Nestled in the heart of Alamance County, Elon is best known for its picturesque landscapes, friendly neighborhoods, and a rich history that dates back to the 19th century. Home to Elon University, this dynamic town buzzes with youthful energy while maintaining a serene atmosphere, making it an ideal place for families, retirees, and everyone in between.

Elon offers a variety of recreational activities, including beautiful parks, scenic walking trails, and local events that foster community engagement. The town's commitment to preserving its green spaces and promoting a healthy lifestyle makes it a delightful place to call home. With a thriving downtown area filled with unique shops, restaurants, and cultural attractions, residents enjoy a perfect blend of modern convenience and historic charm.

For those seeking affordable housing options, Elon presents a fantastic opportunity with homes priced under $500,000. This price range opens the door to a diverse selection of properties, from cozy single-family homes to charming townhouses, all featuring the character and warmth that Elon is known for. With its strong sense of community and access to top-notch amenities, finding your dream home in Elon is within reach.

Whether you're a first-time homebuyer or looking to downsize, Elon, NC, offers a welcoming atmosphere and a thriving real estate market that is sure to meet your needs. Come discover the beauty and charm of Elon – your new home awaits!

Newest Elon Homes under $500,000

$395,000

3 Beds ⋅ 3 Baths ⋅ 1238263 MLS

This traditional brick home sits on a 0.4-acre lot with mature landscaping, giving you space to enjoy the outdoors. Inside, hardwood floors bring warmth to the main living areas and downstairs is freshly painted throughout. A living room with a fireplace, dining room and a kitchen with granite countertops offer comfortable spaces for everyday life and gathering with guests. Upstairs, you'll find three bedrooms, including a spacious primary suite. The home also features two and a half baths and a two-car garage. Downstairs HVAC 2026, new kitchen appliances 2026, vinyl windows and roof 2020. Ashley Woods offers a neighborhood setting with no HOA, plus the option to join the community pool. Western School district. Convenient access to Elon, Gibsonville, Burlington and I-40/I-85. A one-year standard home warranty is offered plus seller is offering $5000 towards new carpet/refinishing hardwoods.

208 Ashley Trace, Elon

$395,000

3 Beds ⋅ 3 Baths ⋅ 10197190 MLS

Looking for more room to spread out without giving up the charm of an established neighborhood? 208 Ashley Trace in Elon is waiting for it's new owners. This traditional brick home sits on a 0.4-acre lot with mature landscaping, giving you space to garden, entertain, play, or simply enjoy the outdoors. Inside, hardwood floors bring warmth to the main living areas and downstairs is freshly painted throughout. A living room with a fireplace, a separate dining room and a kitchen with granite countertops offer comfortable spaces for everyday life and gathering with guests. Upstairs, you'll find three bedrooms, including the spacious primary suite. The home also features two and a half baths and a two-car garage. Downstairs HVAC 2026, new kitchen appliances 2026, vinyl windows and roof 2020. Ashley Woods offers a neighborhood setting with no HOA, plus the option to join the community pool. Western School district. With convenient access to Elon, Gibsonville, Burlington and I-40/I-85, this home pairs the space and character you've been looking for with a location that makes daily life easy. A one-year standard home warranty is also offered plus seller is offering $5000 towards new carpet or refinishing hardwoods.

208 Ashley Trce, Elon

$215,000

3 Beds ⋅ 2 Baths ⋅ 1237701 MLS

2549 Ossipee Front St is a two-story Elon home with 1,577 square feet of living area, three bedrooms, and two bathrooms. The kitchen has cabinetry, an installed range and refrigerator, and counter space beside the dining area. Wood-look floors carry into the living space, where windows bring in natural light. The floor plan places one bedroom and a full bath on the main level, with two more bedrooms and another bath upstairs. A laundry area with an installed washer and dryer sits inside the home, and the rear yard provides space beyond the main living rooms. Included 100-Day Home Warranty with buyer activation

2549 Ossipee Front Street, Elon

$218,000

3 Beds ⋅ 3 Baths ⋅ 10195291 MLS

Welcome to easy living in the heart of Elon! This beautifully remodeled 3 bed, 3 bath FIRST FLOOR condo blends style, comfort and convenience. Enjoy luxury vinyl plank flooring throughout, LED recessed lighting, and updated fixtures. The kitchen shines with granite counter tops, painted cabinets and all updated appliances. Each bedroom offers its own bathroom-perfect for privacy, guests, or roommates. Bathrooms feature tile-looking vinyl flooring for a clean, modern feel with low maintenance. Located just miles from Elon University, shopping and dining, this move-in ready condo is ideal for homeowners or investors alike. Fresh, functional and ready for its next owner. Seller is offering up to $5,000 in buyer concessions with accepted offer.

302 Campus Walk Trl, Elon

$475,000

3 Beds ⋅ 3 Baths ⋅ 1237089 MLS

Welcome to 308 Woodland Drive, where classic character, comfortable living and exceptional outdoor spaces come together in the heart of Elon. This 3-bedroom, 2.5-bath home offers 2,868 square feet with spacious living areas, natural light and a brick fireplace that adds warmth to the main living space. The kitchen features bright cabinetry, granite countertops, stainless steel appliances and generous workspace. Upstairs, a spacious bonus room provides flexibility for a media room, office, playroom or additional living space. The unfinished basement offers excellent storage, workshop space and the potential for future finishing. Outside, enjoy a large covered front porch, mature trees and a fenced backyard designed for outdoor living. A brick patio and impressive outdoor fireplace create a standout space for entertaining, gathering or relaxing at the end of the day. With space, versatility and character inside and out, this home is ready to be enjoyed.

308 Woodland Drive, Elon

$475,000

3 Beds ⋅ 3 Baths ⋅ 10195245 MLS

Welcome to 308 Woodland Drive, where comfortable living, classic charm, and plenty of space come together in the heart of Elon. This 3-bedroom, 2.5-bath home offers 2,868 square feet with room to spread out, gather, and truly feel at home. Step inside to warm living spaces filled with natural light, hardwood-style flooring, and a beautiful brick fireplace that creates an inviting centerpiece for the main living area. The kitchen features bright cabinetry, granite countertops, stainless steel appliances, and generous workspace, while multiple living and flex spaces make it easy to adapt the home to your needs. Upstairs, a spacious bonus room provides even more versatility — perfect for a media room, playroom, home office, workout space, or additional hangout area. Need even more room? The unfinished basement provides valuable additional space for storage, a workshop or the opportunity to finish it in the future to suit your needs. The outdoor spaces are just as inviting. Mature trees provide a beautiful backdrop, while the fenced backyard offers plenty of room to enjoy the outdoors. Spend mornings on the large covered front porch and evenings gathered around the impressive outdoor fireplace, creating a natural centerpiece for the patio and a great setting for entertaining or relaxing at the end of the day. With nearly 2,900 square feet of finished living space, a bonus room, unfinished basement, fenced backyard, outdoor fireplace and a convenient Elon location, 308 Woodland Drive offers the space, flexibility and character that make a house feel like home.

308 Woodland Dr, Elon

$259,900

3 Beds ⋅ 3 Baths ⋅ 10194779 MLS

This well-maintained home offers a solid foundation and a great opportunity for buyers looking to add their own personal touches. With a few updates, this home can be refreshed to suit your style and preferences. A great option for a homeowner or investor looking for a property with potential and room to make it their own.

305 Westminster Dr, Elon

$445,000

4 Beds ⋅ 3 Baths ⋅ 1236428 MLS

Traditional charm meets everyday comfort in this spacious 4-bedroom, 2.5-bath home in sought-after Ashley Woods and the Western Alamance school district. The welcoming interior features hardwood floors, detailed molding, formal dining, and a living room plus den with fireplace, built-ins, wet bar, and wine storage. The spacious kitchen offers abundant cabinetry, center island, breakfast bar, built-in desk, walk-in pantry, and casual dining area. Upstairs, the generous primary suite includes a sitting area, two walk-in closets, and a spacious bath with dual vanities, whirlpool tub, and separate shower. Three additional bedrooms and a hall bath complete the upper level. A huge walk-up attic offers potential for additional living space. Enjoy outdoor living on the lattice-covered pergola deck overlooking the fenced backyard with raised garden beds. Two-car garage with additional storage completes this wonderful home.

210 Aspen Avenue, Elon

$445,000

4 Beds ⋅ 3 Baths ⋅ 10194707 MLS

Traditional charm meets everyday comfort in this spacious 4-bedroom 2.5 bath home located in the sought after Ashley Woods and Western Alamance school district. Thoughtful details and inviting living spaces create a welcoming atmosphere throughout. A formal entry opens to beautiful hardwood floors, detailed molding and a formal dining room. The living room and adjoining den provide distinct spaces for gathering with the den featuring a fireplace, built-in bookshelves and a wet bar area with wine storage. The spacious kitchen offers abundant cabinetry, a center island, breakfast bar, built-in desk and walk-in pantry along with a casual dining area. Two staircases provide convenient access between levels, including a secondary staircase connecting the fourth bedroom area to the kitchen. Upstairs, the generously sized primary suite offers room for a sitting area, two walk-in closets and a spacious bath with dual vanities, a whirlpool tub and separate shower. Three additional bedrooms, a hall bath with tub/shower combination and convenient linen storage complete the upper level. There is a huge walk-up attic which could be converted into additional living space. Outdoors, a lattice covered pergola deck provides an inviting space to relax or entertain while overlooking the fenced-in backyard with raised garden beds. A two-car garage with additional storage completes this well designed home, offering a wonderful combination of character, functional spaces and delightful indoor and outdoor living.

210 Aspen Ave, Elon

$209,000

3 Beds ⋅ 3 Baths ⋅ 10194474 MLS

Elon parents & investors, this is the one! This third floor - that means high ceilings, a vaulted living room, & a skylight! - polished rental comes fully furnished & is currently occupied with tenants. And it's fully rented through July 31, 2027, to finish out the academic year! Current Elon parent sellers have made many improvements during their 3-year ownership, including a new front door, new refrigerator/dishwasher/washer/dryer, & new LVP flooring installed in bedrooms/bathrooms in 2025. A favorite for the tenants is a beautiful & bright sunroom. A separate dining room adds valuable space to this bright & cheery condo. One last thing - & it's WONDERFUL! - the owners' most recent improvement is a brand-new HVAC system - just installed in July 2026! Priced to sell at $209,000, this well-maintained, furnished Partners Place condo is ready for YOU...come check it out SOON!

303-102 Campus Walk Trl, Elon

$209,000

3 Beds ⋅ 3 Baths ⋅ 1236412 MLS

102 Campus Walk Trail Unit #303, Elon

$279,900

3 Beds ⋅ 2 Baths ⋅ 10194074 MLS

GREAT BUY in Elon! Lots of potential with this FIXER UPPER in established Providence Place community. Tucked away on a partially wooded lot, this home offers 1,600+ square feet with 3 bedrooms/2 baths, living & dining areas, sunroom, kitchen. Brick fireplace. Needs significant rehab/repair - being sold AS IS, no exceptions. TAX RATES=Ala Co $0.494 / Town of Elon $0.40 per $100 valuation. SCHOOLS=Highland Elem, Western Middle & High. Seller asks that all offers be submitted on NC OTP with POF or pre-approval ltr.

1232 Jamestowne Dr, Elon

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .